Totalling approximately 2,403.19 sq m (25,868 sq ft)
Located in affluent market town at the junction of the A19 and A170
Large on-site car park for approximately 110 cars
Residential redevelopment potential (subject to lease and consents)
Lot 41
Auction 24th May 2018
Rent £172,055 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles north-east of Leeds, 22 miles north-west of York, 27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation
Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north-east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate, an established commercial area. Nearby occupiers include Howdens, Highways Agency, Royal Mail and NFU.
Tenure
Long Leasehold. Held for a term of 109 years from 21/08/2015 at £38,745 per annum. The rent is
reviewed 5 yearly at 2% per annum compounded. Option to purchase Freehold for £820,000 until 20/08/2018 (further details in legal pack).
Location
Miles
40 miles north-east of Leeds, 22 miles north-west of York, 27 miles north of Harrogate
Roads
A19, A168, A170, A61, A1(M)
Rail
Thirsk Railway Station
Air
Leeds Bradford International Airport
Situation
Thirsk is an affluent market town situated in North Yorkshire, some 40 miles north-east of Leeds. The property is situated to the east of the town centre at the entrance to Thirsk Industrial Estate, an established commercial area. Nearby occupiers include Howdens, Highways Agency, Royal Mail and NFU.
Tenure
Long Leasehold. Held for a term of 109 years from 21/08/2015 at £38,745 per annum. The rent is
reviewed 5 yearly at 2% per annum compounded. Option to purchase Freehold for £820,000 until 20/08/2018 (further details in legal pack).
Description
The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning, along with 110 car parking spaces. Additionally, the property benefits from an approximate site area of 0.66 hectares (1.63 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern detached office building arranged over ground and two upper floors. The property benefits from suspended ceilings, recessed lighting, full access raised floors and air conditioning, along with 110 car parking spaces. Additionally, the property benefits from an approximate site area of 0.66 hectares (1.63 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Part ground Part first Second
Office Office Office
134.24 sq m 506.32 sq m 818.00 sq m
(1,445 sq ft) (5,450 sq ft) (8,805 sq ft)
TELEWARE PLC (1)
7 years from 25/03/2015
£171,055
(24/03/2022)
Part ground Part first
Office Office
635.27 sq m 309.36 sq m
(6,838 sq ft) (3,330 sq ft)
THIRSK BUSINESS CENTRE LIMITED (2)
25 years from completion
£1,000 (3)
Total:
2,403.19 sq m
(25,868 sq ft)
£172,055
(1) Teleware Plc is a subsidiary of Teleware Group Plc. In 1991, Teleware was established to provide leading and innovative communications software support to businesses and customers globally (www.teleware.com). For the year ending 31st March 2017, Teleware Plc reported a total net worth of £4,012,000 (Source: Experian Group 01/05/2018). (2) The tenant sub-lets the premises as individual suites. (3) Under the terms of the lease, the tenant pays a rent of £1,000 per annum plus the ground rent payable by the landlord.
